USDZAR NEXT TRADE SETUP
USDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1,w1 time frame.
Price broke key level at level 17.5000 Strong Resistance level thats the secondary supply with strong bullish movement and now at point 17.9999 and it can restest its near support at secondary supply at point 17.5000 .
and if it breaks the secondary supply support than its next target will be point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be strong more Todays and last week DXy and stocks are bullish and GOld is declining towars 1900.
if its break the W pattern and adopt the secondary supply towards sell zone so its going to Monthly Resistance
It's expected for the continuation of bullish movement to first target resistance level at 18.2000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
Comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.